Microsoft pulls out of UK data center deal with Nscale: TelegraphThe US tech giant, one of Nscale's two largest customers, recently terminated its agreement for the data center in Loughton, Essex, accordi...
- US stocks: S&P 500 muted as AI concerns hit chip stocks; bank gains lift Dow
The S&P 500 showed little movement as semiconductor stocks decreased due to AI-related concerns and market pressures. Gains in banking stoc...
AI is coming for every company, Nvidia boss Jensen Huang says"Every single company will be an AI company eventually. Every single industry will be impacted by AI," Jensen Huang told an event late Thur...
- AI stock selloff eases as investors buy on dips amid falling bond yields
A selloff in risky AI-linked stocks eased as buyers returned to technology amid falling bond yields. CoreWeave experienced significant stoc...
CoreWeave's slump puts spotlight on debt behind AI boomThe loss-making AI cloud company, burdened with about $50 billion in debt, has become the poster child for mounting concerns that the data ...
US stocks: CoreWeave's slump puts spotlight on debt behind AI boomCoreWeave's financial distress is highlighted by its $50 billion debt and significant default risks, causing stock prices to drop. Investor...
D-St set for a cautious opening as GIFT Nifty signals muted startBenchmark indices faced a volatile session due to profit booking and investor caution before US inflation data. Analysts indicated that the...
US stocks: Nasdaq ends sharply lower as hot inflation data stirs rate-hike worriesUS inflation data for September shows an unexpected rise due to increased gasoline costs and broader price pressures. As a result, the Nasd...
US stocks: AI shares tumble up to 16%, erasing $80 billion as hot US inflation fuels rate fearsAmid rising inflation, major AI firms like CoreWeave and Dell Technologies experienced significant stock price drops, losing around $80 bil...
Nebius shares rally up to 8%: What’s driving the AI rally?Nebius Group shares gained as BNP Paribas upgraded the stock and raised its target, while planned AI cloud price hikes fuel growth expectat...
Nebius hikes AI cloud prices again as demand for computing power soarsDemand for computing capacity to train and run AI models is surging; rival CoreWeave said earlier in the day that it is signing contracts a...
US stocks today: US stocks rise as oil prices ease pressure after Fed rate hikeUS stocks advanced on Thursday following a decline in oil prices. The Federal Reserve's recent interest rate hike also influenced market mo...
Nvidia ignites chip stock rally as forecast shows AI boom is intactNvidia has calmed investor anxieties regarding the AI surge, forecasting a remarkable seventy percent increase in revenue for the upcoming ...
Nvidia rises after signaling longer AI spending runwayThe world's most valuable company projected 70% revenue growth next fiscal year and forecast current-quarter sales above Wall Street estima...
Nebius upsizes debt sale to $5 billion to fund data centres, AI platformThe Amsterdam-headquartered company plans to issue private convertible notes worth $3 billion maturing in 2030, and notes worth $2 billio...
Nebius shares soar 22% as AI demand powers revenue beatNebius shares jumped nearly 22% after the AI cloud provider beat revenue estimates, driven by surging infrastructure demand, larger contrac...
Nebius beats quarterly revenue estimates as AI demand fuels growthThe Amsterdam-based AI infrastructure firm reported total revenue of $582.3 million for the quarter ended June, compared with analysts' a...